The transaction was originally announced on 12 August, 2015.
The Austrian operations consist of 24 aggregate quarries (approximately 6.47 million tonnes of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60 million m³ of ready-mix sold in 2014).
Cemex’s operations in Austria had net sales of approximately US$241 million (€219 million) in 2014.
The Hungarian operations consist of five aggregate quarries (approximately 1.36 million tonnes of aggregates sold in 2014) and 34 ready-mix plants (approximately 0.46 million m³ of ready-mix sold in 2014).
Cemex’s operations in Hungary had net sales of approximately US$47 million (€43 million) in 2014.
The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.